205 Town St 
Petersburg, TN 37144

5 Beds23 Baths21,689 sqft
$129,000

Active

About 205 Town St

A one-of-a-kind INVESTMENT property that combines history, charm, and potential in the HEART of growing PETERSBURG, TENNESSEE!! Nestled on 4.5+/- Acres of picturesque land, this historic school building is in need of a total rehab all the way down to the studs with potential to remodel, restore, or just completely tear it down. It would be great for the visionary investor. The expansive grounds also offer potential for subdividing into 4-5 lots with road frontage on three different roads! Whether you are looking to preserve a piece of history or transform it into a modern masterpiece, this property is a rare gem waiting for your vision. Don’t miss out on this unique investment opportunity in Southern Middle Tennessee!!

Property Details

  • Bedrooms

    5
  • Bathrooms

    23
  • Home Size

    21,689 sqft
  • Lot Size

    4.5 acres
  • Year Built

    1940
  • MLS #

    2791364
  • Heating

    Floor Furnace, Wall Furnace
  • Cooling

    Other
  • Pool

    No
  • Days on Market

    124

Listed By:  Fallon MasseyVan Massey Realty & Auction

The only buyer savings program in TN. Period.

Buy your home with Felix and save 1.5% off the purchase price.

Listing Details for 205 Town St

Interior Features

Kitchen Information

  • Appliances: None

Cooling Information

  • Type: Other
  • Has Cooling: Other

Bathroom Information

  • Half Bathrooms: 20
  • Full Bathrooms: 20

Bedroom Information

  • Main Level Bedrooms: 5

Dining Room Information

    Bonus Room Information

      Fireplace Information

      • Has fireplace: No

      Flooring Information

      • Type: Wood

      Heating Information

      • Has Heating: Yes
      • Type: Floor Furnace, Wall Furnace

      Interior Features

        Den Information

          Living Room Information

            Basement Information

            • Basement Features: Other

            Parking / Garage, School / Neighborhood, Utilities, Location Details

            Parking / Garage Information

            • Garage Spaces: 0
            • Covered parking space: 0
            • Has Attached Garage: No
            • Has Carport: No
            • Has Garage: No
            • Total Parking Spaces: 0
            • Parking Features: Gravel

            Utilities Information

            • Sewer: Septic Tank
            • Water Source: Public

            Waterfront

            • Is Waterfront Property: No

            Senior Community

            • Is in Senior Community: No

            Exterior Features

            Green Energy Features

              Roof Information

                Exterior Features

                • Has Pool: No

                Property / Lot Details

                Lot Information

                • Lot Size Source: Assessor
                • Lot Size (Acres): 4.5
                • Lot Size Dimensions: 425 M FF
                • Stories: 1
                • County: Lincoln County, TN
                • Parcel Number: 006O A 00600 000

                Property Information

                • Common Walls (property attached): No
                • Year Built Details: 1940
                • Possession: Close Of Escrow
                • Annual Tax Amount: $4,209
                • Number of Levels: One
                • New Construction: No
                • Original List Price:: $129,000
                • Property Sub-type: Single Family Residence

                Buy with Felix
                and save $1,290

                Curious about our Buyer Savings Program?Learn More

                The data relating to real estate for sale on this website comes in part from the IDX or Internet Data Exchange Program of the REALTRACS MLS. Real estate listings held by brokerage firms other than Felix are marked with the REALTRACS Internet Data Exchange Program logo. REALTRACS and Felix deem all information is believed to be accurate but not guaranteed and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation. © 2025 of the REALTRACS MLS. All rights Reserved.

                205 Town St is a Single Family Residence in the neighborhood None on a 4.5 acres lot in the Petersburg, TN 37144 in Lincoln County, TN. 205 Town St was built in year 1940 and features 5 bedrooms and 23 bathrooms with a total square footage of 21689. 205 Town St has been on the market for 124 days and the most recent list price for this house is $129,000 which is lower than the average list price of amongst similar listings in Petersburg. There are 6 other homes for sale in the vicinity of 205 Town St; 401 College St, 304 Russell St and 9 Orchard Cemetery Rd. The elementary school near 205 Town St is Unity School, for Middle school, Unity School and High School it's Lincoln County High School. The MLS ID for 205 Town St is RTC2791364. .